Post by Logan on Jun 3, 2016 7:48:41 GMT -6
A 44-year-old Greenwich man - on the run since last April - has been indicted in in connection with embezzling $54 million from the private equity firm for which he worked.
Iftikar Ali Ahmed, aka Ifty, 44, was indicted Wednesday in U.S. District Court in Boston on four counts of wire fraud and three counts of making false statements on income tax returns. Ahmed is currently a fugitive from justice. He was charged in a separate scheme in April 2015, and fled the county while on pre-trial release.
The indictment alleges that between 2004 and April 2015, Ahmed embezzled more than $54 million from the private equity firm for which he worked as a general partner and fund manager.
The indictment further alleges that Ahmed used the proceeds of his fraud to purchase a $9.6 million residence in Greenwich and a luxury condominium in New York for approximately $8.6 million.
Read more: www.thehour.com/news/greenwich-fugitive-indicted-in-m-embezzlement/article_da930540-28b4-11e6-ae6f-6f4a2be32d59.html
Iftikar Ali Ahmed, aka Ifty, 44, was indicted Wednesday in U.S. District Court in Boston on four counts of wire fraud and three counts of making false statements on income tax returns. Ahmed is currently a fugitive from justice. He was charged in a separate scheme in April 2015, and fled the county while on pre-trial release.
The indictment alleges that between 2004 and April 2015, Ahmed embezzled more than $54 million from the private equity firm for which he worked as a general partner and fund manager.
The indictment further alleges that Ahmed used the proceeds of his fraud to purchase a $9.6 million residence in Greenwich and a luxury condominium in New York for approximately $8.6 million.
Read more: www.thehour.com/news/greenwich-fugitive-indicted-in-m-embezzlement/article_da930540-28b4-11e6-ae6f-6f4a2be32d59.html
